BMN 3.65% $2.84 bannerman energy ltd

please explain, thanks

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    Am I missing something here re BMN ? welcome comments.

    Re: Hanlong offers to BMN and SDL

    SDL offer is 50c - current sp 40.5c

    BMN offer is 61c - current sp 31c

    Potential % upside from here would be obviously be
    with BMN

    Again, I understand normally sp trades 20% below
    takeover price in most circumstances (as we are seeing with SDL) - therefore BMN sp should be about 48ish and I know the "U" sector has been hit hard since Japan, etc....
 
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